The Oculus Rift VR Peripheral Secures New Capitol For Development

The Oculus Rift secured nearly $2.5 million in funding on Kickstarter, ten times it’s initial funding goal. The company started pushing out dev kits to Kickstarter backers earlier this year. Recently the company secured another $16 million in funding to hire additional staff to work on it’s consumer and HD models.

Spark Capital and Matrix Partners, along with Founders Fund and Formation 8 have invested the large sum into the Oculus Rift’s development. Oculus is targeting a 2014 launch of a 1080p consumer version of their VR HMD ( head mounted display)

Anyone out there have a dev kti? How is it? Is the Rift going to change gaming as we know it? Let us know in the comments below.

Dylan splits time between games journalism, designing video games, and playing them. Outside of his deep involvement in the games industry, he enjoys It’s Always Sunny in Philadelphia, Shameless, A Song of Ice and Fire, fitness, and family.